Manhattan luxury condos are still selling well, despite the stumbling stock market. “There’s a fairly deep pool of rich people running around.”
A new boutique condominium in Manhattan’s exclusive Greenwich Village neighborhood sold nearly all its units in 10 days, the project’s developers said, a sign that New York City luxury is still showing some demand even as theTwenty-four of the building’s 28 condos sold within the past few weeks through a so-called whisper campaign, meaning they were advertised by word-of-mouth rather than a...
marketing effort, said Mark Moskowitz, chief executive of Argo Real Estate. The average unit sold at $3.5 million, or $3,000 a square foot, which by that measure was a slight premium to other high-end buildings. In the past four months, the average luxury condo in Manhattan sold for about $2,800 a square foot, according to Donna Olshan, president of Olshan Realty, who tracks luxury sales of $4 million or higher.
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